Damage Control for IT Professionals?
Did you know that professional liability insurance is also called errors and omissions insurance, or malpractice insurance. It protects IT professionals from errors and omissions that occur during business operations. Professional liability insurance deals with claims that cannot be classified as a bodily injury, property damage, personal injury, or advertising injury. This type of policies deal with financial damages where the IT professional lost money due to a negligent act, error, or omission during the course of providing professional services. This type of policy protects you from your clients or customers of making claims that you did not provide the same level of knowledge, care, or skill of other IT professionals. As an IT professional, you are considered an expert in your field. Since you are compensated for your expertise, you can be held liable should a client be unsatisfied in your work performance. Professional liability insurance will protect you from losing everything in a lawsuit.